One set up, less chart time, more RR

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Let me take you down a rabbit whole and show you a strategy with a high win rate conviction. High risk to reward. Consistency and less chart time.

Pros: high win rate, 2rr plus consistency, less chart time, systematic approach. Less entry's better reward.
Cons: if you use funding accounts & they don't allow weekend, over night, or news trading this is not for you. Trades can be between 2 to 5 days if using higher time frames. Eg daily.

This strategy is based on a set of checks on a check list that needs to be confirmed in order to take entry. Building confluence and a stronger trade set up. If caught on 4 hr or daily it allows a swing trade, with multiple scaling in trades with shorter duration on smaller time frames like 15 min and 1 hr. Let's break down the check list and show some break downs.

The checklist

1. Is the higher time frames moving in the direct of your entry?
First you analyze higher time frames. Determin if over all trend and market structure is bullish or bearish. We will be trading the Continiuation of structure. Eg if bullish we looking for buys.

2. Has there been a break of structure leaving an imbalance?
We want to look for a break of structure to comfirm the bullish or bearish bias, leaving an imbalance (fvg). This gives us a retracement point to retest along with more confluence as the imbalance is likely to be filled.

As part of this strat we will be using fib retracement tool with the settings 0.5 and 0.618 only. This is the golden zone our entry's will be based on the 0.618, or golden zone. Stoploss the base of fib, take profit the high of fib.

Example one: bullish

Weekly time frame showing higher highs and higher lows bullish market structure.

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Daily time frame showing a break of structure to the upside. Showing bullish continuation making a new high. Leaving a imbalance to fill. Seeing a retracement we take the low to the high. Giving us our trade set up.

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Trade complete minimum draw down, creating a new high. Now with the same bullish bias looking for buys. Let's take a look inside the trade on a smaller time frame and apply the same principles.

1 hr time frame Example

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Example 2 5 min time frame

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Example 2 bearish

Weekly showing bearish market structure

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Daily created a break of structure to the down side, leaing an imbalance.

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1 hr time frame Example

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1 hr time frame Example 2

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Combining multiple confluences like support and resistance levels, order blocks, pivotd and trend lines ect. It can provide a strong trade setup string. Each confluence acts as a confirmation of the others, increasing the likelihood of a successful trade. By stacking these confluences together, traders can build a comprehensive analysis and increase the effectiveness of their trading decisions.




















Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.